LiveDeal up 3.6%; gets $7M in bridge financing for acquisition

• LiveDeal (NASDAQ:LIVE) is up 3.6% as it confirms that Isaac Capital Group committed $7M of bridge financing for it to pursue acquisitions.
• The money is set aside for a first acquisition in a new LiveDeal/Live Ventures strategy to pursue revenue-positive companies, and accordingly was non-dilutive to LiveDeal shareholders. The company says it expects to announce the closing of the deal in the near term.
• Isaac Capital Group is controlled by LiveDeal CEO Jon Isaac. "Isaac Capital Group's commitment helped LiveDeal acquire a revenue-generating and profitable company, and for this we are extremely excited," he says.